Sri Lanka rupee ends weaker, bond yields flat

sri lanka rupee notes coin

ECONOMYNEXT- Sri Lanka’s rupee closed weaker 182.00/15 to the US dollar in the spot market on Monday while bond yields remained unchanged, dealers said.

The rupee ended at 181.85/95 to the greenback on Friday.

Liquidity in the overnight money market was 51.73 billion rupees, up from 43.98 billion rupees at Friday’s close.

Banks deposited 28.18 billion rupees through Central Bank’s excess liquidity window.

Central Bank mopped up 15.85 billion rupees 6.97 percent in an overnight reverse repo auction.

In another auction, 10 billion rupees was offered at 7.01 percent, maturing in 4 days to be settled within the day.

In the government securities market, bond yields remained flat in dull trade while 2024 maturities remained liquid, dealers said.

Dealers said the foreign investors settled today after existing to safe havens due to the coronavirus impact and the local market maintained a wait and watch stance.

Globally, stock markets bounced backed anticipating Central Banks worldwide to cut rates in a measure to boost liquidity in the markets and contain coronavirus impact on the economy.

Sri Lanka’s Central Bank is having its second monetary policy review on March 5th March 2020.

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Sri Lanka’s debt office is also offering 29.00 billion rupees in a weekly bills auction to be held on March 4th, 2020.

A bond maturing on 15.12.2021 closed at 9.75/95 percent on Monday, stable from 9.75/95 percent at Friday’s close.

A bond maturing on 01.09.2023 closed at 9.35/45 percent, steady from 9.35/50 percent at its previous close.

A bond maturing on 15.09.2024 closed at 9.70/74 percent on Monday, stable from 9.70/75 percent at Friday’s close.

A bond maturing on 15.10.2027 closed flat at 9.85/95 percent it’s the previous close.

A bond maturing on 15.05.2030 remained at 9.90/10.10 percent on Monday from Friday’s close.

A bond maturing on 15.09.2034 closed flat at 9.90/10.20 percent from its last close. (Colombo/Mar02/2020)

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